Pilots who went on strike let go by PHI

[GLSNightPilot]

Over the past two years, PHI has publicly admitted that they were able to hire less than half the number of pilots they needed, and retained much less than half of those they hired through initial training. I don't know who is going to train these masses of pilots who are suddenly showing up, since the entire training department is flying the line because they're the only ones available to fly the medium and heavy aircraft. New 206 pilots are worth very little now, even if they do finish the training.

[H-43]

I've followed this thread with much interest since it began. While I didn't feel that I needed to comment until I read one post that began by stating that a certain person had become a helicopter pilot simply because "Uncle Sam" gave him those skills. I personally paid every cent for my own training and wouldn't trade my choice of this line of work for any reason as did many others that I work with. However, I haven't heard any of them complain that others had their training paid for. I understand why some feel that they deserve a better shake from management but I would also ask how many have been in management. There are crooks out there but they aren't all and it is a much less enjoyable job than we have from day to day. I know many have said that it isn't practical to leave if you don't like it but I feel that it is and have left several jobs when better ones came along. Just my $.02

[SASless]

II,

Is it far fetched to believe he really wants to wind up owning all the stock then take the company private again?

The early repayment of financing reported in the financials were monies pay to Al G as I am told.

Perhaps now he is in a very handy "cash" position personally and could buy the outstanding stock at a much discounted price?

One would have to think there is a "business" reason behind this rather than mere hard headedness.

[ron-powell]

Morning DT:

“Phi hiring like crazy?”

Where are these pilots coming from?

U.S.military on a stop loss. PHI only offering about $1000/yr above Air Methods for VFR EMS pilots and about $1300/yr more than Air Log for offshore. Hundreds of low time helo instructors out there? Where?

As GLS pointed out, even before the strike, the company could not hire enough pilots. We received a memo from the DO addressing mandatory workover. During the period from March of this year through the date of the memo, around the end of JUL/early AUG, the company had hired about 93 pilots. During the same period 59 pilots left.

Everybody is looking for pilots. The PHI training staff is flying the line as GLS also pointed out. Who’s training these new hires?

“The money that PHI is throwing at replacement workers seems to be proving the law of supply and demand. If you pay enough, they will come.”

Doesn’t it make you wonder why the company isn’t throwing it at us?

Ron Powell

[GLSNightPilot]

The original 8K simply said that the funds used to purchase the stock were from an unsecured line of credit. Where that line of credit came from has not been disclosed. Perhaps it was his own money, perhaps not. I don't know of an easy way to find out, but I do know that he has proven that he cannot be trusted to tell the truth.

II, you must really be inside to have such intimate knowledge of financial details, and still not have any business relationship with PHI. I'm not completely certain I can believe everything you say, either.

[GLSNightPilot]

H-43, my training wasn't exactly 'free'. True, I didn't have to pay money out of my pocket, but then Uncle Sam did extract something in return. There was a small unpleasant situation in Southeast Asia at the time, and he needed young men willing to fly helicopters where pieces of metal were flying through the air, through helicopters, and through human bodies. I gave several years of my life wearing a uniform in return for that training, along with many thousands of others before and since. If you don't want to pay out of your pocket, the recruiter's offices are still open, and Uncle Sam still needs lots of helicopter pilots. Whining about free training doesn't move my heart in the least.

[GLSNightPilot]

stock manipulation is kind of illegal, as is insider trading.

But that doesn't seem to prevent people from doing it. Some are in prison, some are on the way, and some get away with it without getting caught. It's certainly less risky than robbing banks, although they are both methods of stealing money.

[GLSNightPilot]

No, not trying to buy an argument, just pointing out the obvious.

[Gomer Pylot]

If the nonvoting stock isn't worth owning, why is most of it held by large institutional investors? It does seem they're bailing out of it, judging from the stock price changes. They don't seem to own much of the voting stock, for some reason. If the institutional investors bail, how does that affect the company?

[B Sousa]

$27.87 on the Stock, not much problem there. Some indication as to the effect of the strike??

[SASless]

That makes it down about 11% since June 1st or so. It is almost at the 52 week low despite the market hitting a new record today. The next quarterly report to the SEC will be a better indicator of the effect the strike has had.

[GLSNightPilot]

The latest word on the strike is that PHI, apparently trying to retain the pilots who scabbed, is now paying them a bonus of $1,000 per day. Try to tell me the union hasn't had an effect on helicopter pilot wages.

[SASless]

A young vivacious Southern Debutante comes home to the Plantation from the Spring Cotillion in Charleston wearing a lovely Fur Coat.

Her Negro Mammy takes one peek at the Fur Coat and says...."Goodness! Goodness! Miss Lilly....that sure is a purty coat! However did you get that Honey Child?"

Miss Lilly, admiring herself in the mirror responded...."Agnes, I can assure you that "Goodness" had nothing to do with it!"

GLS....you guys just gotta lay off that hot sauce you are putting on dem mudbugs ya'll been eating at night! Either that or that Roma Rocket wine is messing with yer brain cells!

If the Grand a Day is true....then how come the original union demand was going to bankrupt the company?

[B Sousa]

"The latest word on the strike is that PHI, apparently trying to retain the pilots who scabbed, is now paying them a bonus of $1,000 per day. Try to tell me the union hasn't had an effect on helicopter pilot wages."
Thats a lot of Jing-Wa for a single engine driver........Also explains why we are losing pilots on the west coast. Someone hit the bottom line. A few months at $1000/day is better than a few years at $200/day doing tours.

Sasless, bet your joke gets the boot.......Skin at this site is so thin I can see through it........

[NickLappos]

B
The only problem with SASless's joke is that it is so very old, but then again, so is he (and me and you).

[SASless]

But it does describe those that value money over principle.....

[212man]

Reminds me of the joke with the punchline, "Doc says as impotant, so as gonna dress impotant"

[B Sousa]

"But it does describe those that value money over principle....."
Principle is great, if you can afford it........

[SirVivr]

SASless:

You saying she got her mink coat the same way minks do?

That's the way my father told it. Can't remember how many years ago.

[B Sousa]

"she got her mink coat the same way minks do?"

Now that was good...